The difference between the buying and selling price of shares is known as?
A. brokerage B. margin C. jobber’s turn D. gross profit Correct Answer: Option C – jobber’s turn
The function of money that facilitates the comparison of the quality of goods as a basis of exchange is the?
A. unit of account B. measure of value C. store of value D. medium of exchange Correct Answer: Option B – measure of value
A major benefit a debtor can derive from using a credit facility is?
A. better service B. goodwill C. convenience D. control Correct Answer: Option C – convenience
The sale of foreign investment and gold reserves can be used to?
A. correct adverse balance of trade B. increase invisible imports C. correct adverse balance of payment D. correct a budget deficit Correct Answer: Option A – correct adverse balance of trade
The abbreviation C and F indicate that the?
A. production cost excludes the cost of carriage B. selling price includes the cost of carriage C. cost of production includes delivery charges D. cost price includes the cost of carriage Correct Answer: Option B – selling price includes the cost of...Products
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